Cape Verde : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

July 24, 2008

Electronic Access:

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Summary:

This Selected Issues paper examines macroeconomic challenges for a highly tourism-based economy such as Cape Verde. The changing structure of Cape Verde’s balance-of-payments financing calls for a closer look at the volatility of remittances and their role as an absorber of economic shocks. The paper finds that compared with other external inflows, remittances continue to be a reliable source of foreign financing, but they are declining in importance. It also shows that this influence seems to be gradually fading, and remittances are becoming increasingly procyclical.

Series:

Country Report No. 08/243

Subject:

English

Publication Date:

July 24, 2008

ISBN/ISSN:

9781451809480/1934-7685

Stock No:

1CPVEA2008003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

25

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